Monday, July 02, 2007
Lead Defendant in Operation Whose House Sentenced
Ishmael Grant, 60, Lauderhill, Florida, one of the lead defendants in a $10,000,000 scheme to defraud mortgage lenders in “Operation Whose House.” United States District Judge sentenced Grant to a term of 120 months’ imprisonment, followed by three (3) years of supervised release, and restitution to various mortgage lenders in the amount of $ 110,655. Grant, who has been in custody, was remanded to the Federal Bureau of Prisons to begin serving his sentence.
Grant was convicted on April 13, 2007, following a two week trial. He was convicted of one count of conspiracy to commit mail fraud, wire fraud and aggravated identity theft, three counts of mail fraud, and three counts of wire fraud.
According to the evidence presented at trial, Grant and others engaged in a scheme to enrich themselves by obtaining mortgages from lenders using straw purchasers and through the submission of false documentation, including false loan applications, false employment verification forms, false salary statements, and false bank account statements reflecting high account balances. The defendants also used and caused others to use false or stolen Florida’s driver’s licenses, identification cards, and social security numbers as their personal identification to facilitate the purchase of properties in the names of individuals whose identification documents had been previously stolen. The evidence showed that the defendants submitted more than 30 fraudulent loans to lenders around the country on properties located in Broward County. Judge Dimitrouleas at the sentencing found Grant a leader in the “extensive criminal enterprise” surrounding the mortgage fraud scheme.
mortgage fraud
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Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. 
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